Market Overview
The global volumetric display market was worth USD 180.88 million in 2020, and it is predicted to increase at a CAGR of 25.8% between 2021 to 2028.
A volumetric display would be a graphic display device that creates a three-dimensional visual depiction of an item instead of a flat image on typical screens that simulates depth using a variety of visual effects. 360-degree viewing, accommodation cues, agreement of converge, and their innate 3D format enable novel user interface methods are all features of volumetric displays.
The first volumetric display device was developed in 1912, and it has been developed until the 1980s before being marketed in the 1990s. Many industries, including medical, automotive, aerospace and defence, and industrial, are increasingly commercializing this technology. Technological improvements and innovation have resulted from consistent RD operations.
The creation and dispersion of visible light from a set of localized and designated locations inside a three-dimensional space are possible with a volumetric display system. A volumetric system can sometimes allow for regulated anisotropic radiation propagation from each zone. It could be used to make a three-dimensional image more visible.
Market Segmentation
As per Volumetric Display Market Facts, the international volumetric display market market market is divided into several categories. The categories are components, end-users, applications, display type, and technology.
By Display Type:
- Multi-planar Volumetric Display
- Swept Volume Display
- Static Volume Display
By Components:
- Lens
- Screen
- Memory
By Applications:
- Marketing
- Production and Management
- Design and Prototyping
- Data Visualization
By End-users:
- Healthcare
- Aerospace
- Education
- Entertainment
- Automotive
- Media and Communication
- Military and Defense
By Technology:
- Liquid Crystal on Silicon Technology (LCOS)
- Digital Light Processing (DLP)
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Regional Classification
The Volumetric Display Market Experts did a regional overview of the global market in select locations. Asia Pacific, North America, Europe, and the Rest of the World are the four regions. The area has a significant demand for the products due to technology improvements and new trends embracing volumetric display displays. When it comes to market share, North America is by far the most powerful regional distribution in the world.
As a result of this rising demand, North America now holds the highest market share. The Asia Pacific region is expected to grow rapidly due to rising foreign direct investments and a rapidly growing consumer electronics service industry.
Moreover, nations like China and Japan are likely to capture a significant market share because of their mass manufacturing capabilities and low product prices.
Industry News
Over the projected period, continuous innovation and technological developments to bring higher resolutions and features in 3D display technologies are expected to fuel the market development. Volumetric displays have emerged as a result of ongoing improvements in lasers, optics, and electronics, allowing many viewers to gaze at the image simultaneously from various perspectives without the use of special glasses.
Because of its widespread acceptance in establishing awareness in education about battlefield surveillance applications, the need for this technology is increasing in the defence industry across industrialized countries like the United Kingdom, the United States, and Japan. These nations' governments are heavily investing in sophisticated technology in order to improve their defence capabilities.
The demand for a better gaming experience has exploded in popularity among gamers worldwide in recent years. With no gadget on the gamer's body, volumetric displays provide a 360° view of 3D gaming.